New €3bn Irish Government 10-year benchmark bond lists on ISE
A new Irish Government benchmark bond was today admitted to listing and trading on the Main Securities Market (MSM) of the Irish Stock Exchange (ISE).
The National Treasury Management Agency (NTMA), which manages the Irish national debt, raised €3 billion through the syndicated sale of this new benchmark bond. The funds were raised at a yield of 1.156% and the bond has a maturity date of 15 May 2026.
The NTMA have said they plan to issue €6 billion to €10 billion of long-term bonds over the course of 2016, beginning with today’s transaction.